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Inventories

6 Months Ended

Jun. 30, 2011

Note 2

Inventories:

Set forth below is a detailed listing of inventories:

	June 30, 2011		December 31, 2010
	(unaudited)
Raw materials and work in progress	$	4,869,019	$	4,114,505
Finished goods		2,682,578		2,026,674
Total inventories	$	7,551,597	$	6,141,179

Work-in-process is immaterial, given the Company's typically short manufacturing cycle, and therefore is disclosed in conjunction with raw materials. As of June 30, 2011 and December 31, 2010, the Company carried specific reserves for excess and obsolete stocks against its inventories of $1,092,319 and $1,734,161, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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